AdviceObjects streamlines suitability report processing offering

Financial adviser software company AdviceObjects has streamlined its suitability report processing offering.

The firm is providing a range of pre-populated suitability report templates via its adviser portal, which advisers can personalise to their clients’ requirements.

It has collaborated with financial compliance firm B-Compliant to deliver the suitability reports, seeking to ensure all current and future regulatory requirements are met.

Offline documents have been converted into templates that the system can auto-fill from data it already holds, looking to save advisers time without comprising the document’s integrity.

Completed suitability reports can be reviewed and amended within the same file, allowing the adviser and senior management to sign off its content before sharing it with a client.

“It is our aim to make the administrative side of the financial planning process simpler and more efficient,” commented AdviceObjects CEO, Uday Nimmakayala.

“Suitability reports remain a very manual process and we felt that by integrating them into our system, we could save advisers a significant amount of time that could be better spent with clients.

“We are very grateful to B-Compliant for providing the necessary resources and oversight to enable us to build this functionality into our advice platform.

“With their assistance and feedback from existing users, we have redefined how suitability reports are produced and enhanced the service we provide.”

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